The Goldman Sachs funded Crypto Custodial service BitGo has joined the Universal Protocol Alliance, it was announced yesterday. The Universal Protocol Alliance is a group of companies promoting the Universal Protocol Platform that enables interoperability across blockchains. One problem in the cryptocurrency economy is the walled gardens of the different coins and blockchains. One cannot…

Crypto financial services company BitGo will support the Universal Protocol Platform and its tokens. The UP Platform allows all cryptocurrencies to become accessible on a single network through the introduction of Universal Tokens. The first set of tokens to be supported include the Universal Bitcoin (an ethereum-based version of bitcoin), and two Stablecoins — the…

Blockchain security and crypto wallet firm BitGo has announced that it will support the Universal Protocol Platform and its family of tokens. The UP platform was launched earlier this year by the Universal Protocol Alliance, a coalition of cryptocurrency companies and blockchain pioneers, including Uphold, Brave Software, Cred, Blockchain at Berkeley and FBG Capital. The…

Goldman Sachs and Galaxy Digital Ventures led the $58.5 million fundraising of BitGo Holdings Inc., bringing it a little closer to realizing the creation of a $1 trillion crypto wallet. American investment bank Goldman Sachs Group Inc. and Galaxy Digital Ventures, a venture capital fund founded by one of its previous partners, cryptocurrency believer and…

Blockchain security firm BitGo has added Dash to its expanding list of currencies, making it the first multi-signature wallet and custodial solution to support the cryptocurrency. Founded in 2013, BitGo offers an enterprise-grade, multi-sig, multi-user bitcoin wallet, as well as API access to its underlying security platform. The company claims to have over $2 billion…

The stakes must have seemed high already in 2013, when the largest bitcoin wallets safeguarded by blockchain security provider BitGo held about $10 million-worth of the cryptocurrency. Later on, in 2015 they crept up to around $100 million. And what had perhaps been unthinkable in the years previous, by 2017 the largest crypto wallets in BitGo’s charge…

Crypto security startup BitGo has received approval in the U.S. to act as a qualified custodian for digital assets. The company, which has spent most of 2018 attempting to launch a regulated custodian entity, announced that the BitGo Trust had been approved by the South Dakota Division of Banking on Thursday, meaning it can now offer…

According to the institutional cryptocurrency storage platform Kingdom Trust, the company is now insured by the world’s largest insurance marketplace, Lloyd’s of London. The Kentucky-based alternative asset custody service, Kingdom Trust, claims to hold assets worth $12B that consist of 30 digital currencies under its wing. Also Read: Crypto-Backed Lending Platform Blockfi Approved to Operate in…

BitGo, a California-based blockchain security firm offering institutional grade custodial services for a variety of cryptocurrencies, is now supporting Zcash, as announced by the firm on July 25, 2018. Security Meets Privacy Created in 2013 by Mike Belshe and Ben Davenport, BitGo claims to be the world’s largest processor of on-chain bitcoin transactions, handling a…